Kallanish

Worldsteel has revised up its forecast for finished steel demand growth outside China thanks mainly to strong manufacturing activity and developed economies outperforming earlier expectations.

Global steel demand will grow by 4.5% on-year in 2021 to 1.85 billion tonnes after 0.1% growth in 2020, worldsteel says in its latest short-range …

Despite the green steelmaking rhetoric in Europe, the region’s steelmakers will remain dependent on coal for some time to come, while producers in developing economies will continue investments into new coal-based capacity, according to speakers at last week’s Eurocoke Summit in Amsterdam.The green hydrogen-based direct reduction-electric arc furnace route can …

The last several months have been characterised by a number of issues and bottlenecks affecting steel markets and adding to the price momentum of most commodities. According to analysts, two of the main issues noted in 2021 - high freight costs and chip shortages - are here to stay for …

Demand for merchant pig iron continues to accelerate in all traditional buying regions. China's appetite has encouraged the US and Italy to start booking new volumes, and traders to restock in the past week. The resulting activity has lifted prices up, with producers raising offers.

During the first half of …